Dynamics of Persistent Inequality of Wealth in a Life-Cycle Model with Bequest
研究了在生命周期模型中引入遗产动机后，财富和收入不平等持续存在的动态机制，发现即使个体能力和偏好相同，仅年龄差异也会导致长期不平等。
In a life-cycle model with bequest motivation,this paper studies the dynamics of persistent inequality of wealth and income.Under the assumption of exogenous interest rate,the effects of the distribution of wealth on the steady state have been investigated in this paper.It is shown that the persistent income and wealth inequality occurs even if all agents have the same ability and preference except for the heterogeneity in age.